Convergys (CVG) Earning Somewhat Positive Press Coverage, Study Finds

Headlines about Convergys (NYSE:CVG) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Convergys earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned headlines about the business services provider an impact score of 45.9471962625301 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of CVG stock traded up $0.30 during trading hours on Friday, hitting $23.80. The stock had a trading volume of 955,878 shares, compared to its average volume of 839,819. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.66 and a quick ratio of 2.66. Convergys has a twelve month low of $20.15 and a twelve month high of $26.66. The stock has a market capitalization of $2,180.51, a P/E ratio of 19.51, a P/E/G ratio of 1.57 and a beta of 0.98.

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Convergys (NYSE:CVG) last released its earnings results on Wednesday, February 21st. The business services provider reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.02. The firm had revenue of $689.40 million during the quarter, compared to analyst estimates of $695.78 million. Convergys had a return on equity of 13.71% and a net margin of 4.35%. The business’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 earnings per share. sell-side analysts forecast that Convergys will post 1.69 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 6th. Stockholders of record on Friday, March 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Thursday, March 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.68%. Convergys’s dividend payout ratio (DPR) is currently 32.79%.

CVG has been the topic of several research analyst reports. Barrington Research reaffirmed a “hold” rating on shares of Convergys in a research report on Monday, February 26th. ValuEngine lowered Convergys from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research lowered Convergys from a “hold” rating to a “strong sell” rating in a report on Monday, February 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.00.

In other news, CEO Andrea J. Ayers sold 30,000 shares of the stock in a transaction dated Monday, March 5th. The stock was sold at an average price of $23.25, for a total value of $697,500.00. Following the completion of the sale, the chief executive officer now owns 396,239 shares in the company, valued at $9,212,556.75. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.70% of the stock is currently owned by company insiders.

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Convergys Company Profile

Convergys Corporation is engaged in customer experience outsourcing. The Company’s geographical segments include North America and Rest of World. The Company offers services across industries, including communications and media, technology, financial services, retail, government and healthcare. The Company helps businesses to create customer experiences across multiple interaction channels, such as voice, chat, e-mail and interactive voice response.